Arizona Electricity Price Increases
Delivered July 26, 2019. Contributor: Emmanuel A.
Goals
To understand electricity price increases over the years by electric companies in Arizona in order to facilitate a pitch that solar power is cheaper in the long term.
Early Findings
- APS increased the electricity rate of some residents of Arizona by as much as 55% to 88% within one year, even though energy use increase was only 7%.
- There was also a report in 2018 that APS price hike was three times more than what customers were told.
- Energy prices have increased by an average of 4% annually in the last 10 years in the US.
- The average monthly electricity bill in the US is $110 and it is expected to reach $180 in the next 20 years.
- Average electricity prices in Arizona has increased dramatically between 2008 and 2018, compared to the national average.
- Electricity prices increased by almost 30% between 2008 and 2018 in Arizona, one of the highest in the US.
- The electricity price increase in Arizona between 2013 and 2018 is about 15%.
- Electrical District 3 decreased electricity rates by 5.16% between 2015 and 2016 and decreased the rate further by 3.16% between 2016 and 2017.
- SRP decreased electricity rates in 2019 by between $1 and $4.
- TEP increased electricity bill by an average of $7.16 between 2018 and 2019.
- However, TEP states that over the last 20 years, they have only increased residential electric rates by an average of about 1% per year.
Research proposal:
Only the project owner can select the next research path.